UK: Some used EVs appreciating in value

According to a study conducted in the UK, the resale value of some used electric cars is increasing.

Data consisting of the four most-searched electric cars was examined for a study. It included electric cars like the BMW i3, Nissan Leaf, Renault Zoe and the Tesla Model S.

The study shows that the value of 2015 models of the Zoe and the i3 has increased, while the value of equivalent combustion-engined cars has gone down. Between January and November 2019, the value of the Zoe increased by 14%, while that of the i3 increased by 1%. Values of equivalent 2015 Ford Fiesta and 2015 Mini fell by 13% and 14% respectively.

Even for electric cars that lost value, the depreciation is not as much as that of combustion-engined cars. During the same period, a 2015 Nissan Leaf’s value fell by 9%, while an equivalent 2015 Volkswagen Golf lost 11% of its value. A 2015 Tesla Model S depreciated by 16%, while a 2015 Mercedes S-Class lost 22% of its value.